Daily Commodity News Letter by CapitalHeight 20-12-2010
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Transcript of Daily Commodity News Letter by CapitalHeight 20-12-2010
Daily Newsletter20/12/2010
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
SPDR gold ETF sees further outflow
The euro declined for a second straight week against the dollar
Gold firms as Europe debt fears drive safety play
Copper closed up on Friday
Oil higher as growth hopes offset euro woes
Gold prices turned higher late Friday, moving back to the top of the session range, as
some investors returned to the yellow metal as a safe-haven play when the euro fell in
response to Moody's downgrade of Ireland's credit rating. Copper closed up on Friday,
notching its third consecutive week of gains, as short-term technical momentum and
bullish demand prospects from China in the new year kept prices buoyant near all-time
record peaks. Oil prices rose on Friday in seesaw trading and posted a weekly gain as
supportive U.S. economic data. Stocks of copper in LME warehouses rose for the fifth
day in a row. Latest data showed a small increase of 600 tonnes, to 361,400 tonnes.
That is little more than seven days of global consumption.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Mon Dec 20
12:30pm EUR German PPI m/m 0.4% 0.4%
2:30pm EUR Current Account -6.2B -13.1B
8:30pm EUR Consumer Confidence -9 -10
TECHNICAL
GOLD(FEB)
COPPER(FEB)
NATURALGAS(DEC)
ZINC(DEC)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -20890
• R1 -20630Resistance
• S1 -20380
• S2 -20180support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 431
• R1 - 422Resistance
• S1 - 414
• S2 - 405support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 201
•R1 - 193Resistance
•S1 - 181
•S2 - 172support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 107.5
•R1 - 104.3Resistance
•S1 - 101.8
•S2 - 98.5support
ECHNICAL VIEW
SILVER(MAR
CRUDE(JAN)
LEAD(DEC)
NICKEL(DEC
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 45750
• R1 - 45050Resistance
• S1 - 43850
• S2 - 42950support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4170
• R1 - 4080Resistance
• S1 - 3990
• S2 - 3910support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 114.5
• R1 - 110.9Resistance
• S1 - 108.8
•S2 - 106.5support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 1177
•R1 - 1145Resistance
•S1 - 1117
•S2 - 1084support
www.capitalheight.com
Phone- (0731)4295950
MAR)
)
)
NICKEL(DEC)
Consolidate
Buy on dips
45750
45050
43850
42950
Consolidate
Buy on dips
4170
4080
3990
3910
Consolidate
Buy on dips
114.5
110.9
108.8
106.5
Consolidate
Buy on dips
1177
1145
1117
1084
ALUMINIUM(DEC)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s
them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based up
The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. Capitalheight recommends that investors independently
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal
not be responsible for any transaction conducted based on the information given in this report, which is in violation of
and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person rela
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof.
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 108.5
•R1 - 106.4Resistance
•S1 - 105.2
•S2 - 103.7support
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal
not be responsible for any transaction conducted based on the information given in this report, which is in violation of
price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
Investment in Commodity and equity market has its own risks.
curacy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com
Phone- (0731)4295950
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
price projections shown are not necessarily indicative of future price performance. The information herein,
Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
its owners or anyone
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone